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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2015
Jun. 30, 2014
Operating Activities      
Net Income (Loss) $ (111,601) $ (127,021) $ 45,363
Income from discontinued operations 0 0 (32,870)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 149,843 284,224 260,464
Asset impairment 60,413 66,996 2,588
Accretion of discount on asset retirement obligations 1,669 3,679 3,726
Deferred income taxes   (67,734) 16,551
Change in derivative fair value   156,135 103,270
(Gain) loss on sale of assets   (27,503) 131
Stock-based compensation expense   6,223 9,012
Exploration, including dry holes   6,498 1,286
Discontinued operations   0 122,199
Other, net   7,474 7,675
Net change in:      
Accounts receivable   52,036 (46,884)
Inventories   (3,737) (1,411)
Accounts payable   (15,413) 60,617
Accrued taxes/income tax receivable   790 14,949
Pension and other postretirement benefit contributions   (10,902) (2,323)
Other current assets and liabilities   4,326 (21,868)
Net cash provided by operating activities   336,071 542,475
Investing Activities      
Additions to oil and natural gas properties   (728,284) (575,049)
Acquisitions, net of cash acquired   (46,203) (22,114)
Proceeds from the sale of assets   393,094 217
Purchase of short-term investments   (919,000) (191,000)
Sale of short-term investments   919,000 149,000
Discontinued operations   0 (690)
Other, net   0 69
Net cash used in investing activities   (381,393) (639,567)
Financing Activities      
Payment of dividends on common stock   (2,923) (21,863)
Issuance of common stock 398,600 399,272 23,053
Reduction of long-term debt   0 (30,000)
Net change in credit facility   (352,000) 180,000
Tax benefit on stock compensation   631 3,763
Discontinued operations   0 (50,093)
Net cash provided by financing activities   44,980 104,860
Net increase (decrease) in cash and cash equivalents   (342) 7,768
Cash and cash equivalents at beginning of period   1,852 5,555
Cash and cash equivalents at end of period 1,510 1,510 13,323
Less cash and cash equivalents of discontinued operations at end of period 0 0 (11,807)
Cash and cash equivalents $ 1,510 $ 1,510 $ 1,516